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14. Giraffe Company sold and delivered inventory costing S450 to a customer on account for $850 with terms 2/15/ net 30 on January 7 Which

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14. Giraffe Company sold and delivered inventory costing S450 to a customer on account for $850 with terms 2/15/ net 30 on January 7 Which of the following correctly describes the collection of $833 cash on January 14th when the customer takes advantage of the discount. A. Operating expenses increase by $450 B. Accounts receivable decreases by $833 C. Current assets will not be affected D. Gross profit decreases by $17 E. None of the above

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